Law360, New York (July 14, 2011, 1:31 PM ET) -- A European Union court on Thursday upheld €78.66 million ($111.5 million) in antitrust fines against Arkema France SA and former parent companies Total SA and Elf Aquitaine SA over an alleged bleach cartel in the 1990s.
Arkema — which was spun off in 2006 — and its former parents had raised a bevy of complaints about the European Commission's 2006 penalty, including challenging the decision to hold Total and Elf liable for their former subsidiary's behavior and arguing that the fine was improperly hiked based on...
EU Court Upholds €79M In Arkema Bleach Cartel Fines
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